Australian Finance Podcast
Property Q&A: 16 years later I've lost money on my apartment, invest in Pearler or offset? Plus, how do mortgage brokers get paid?
Mar 4, 2024
Experts discuss why apartments can be bad investments, what to do with a dud property, and how mortgage brokers are paid. They also touch on maximizing returns with equity, personalizing financial decisions, and exploring free educational resources for better money management.
37:37
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Podcast summary created with Snipd AI
Quick takeaways
- Select mortgage brokers based on expertise, not just cashback offers.
- Utilize equity in property investments for long-term financial growth.
Deep dives
Mortgage Broker Commission Structures: To Cashback or Not to Cashback?
The discussion in this podcast episode focused on the various commission structures for mortgage brokers, particularly delving into the concept of trailing commissions and cashback offers in the mortgage broking space. The episode highlighted the potential pitfalls of relying solely on cashback mortgage brokers, who might prioritize short-term gains over establishing long-term financial strategies for their clients. While cashback offers might seem attractive upfront, the episode emphasized the importance of working with brokers who value their expertise and can provide ongoing guidance and support beyond just a one-time cash incentive.
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